Kraken parent to buy Lithuanian Saldo Bank amid TradFi expansion
Summary
The parent company of cryptocurrency exchange Kraken plans to acquire Saldo Bank to broaden its traditional financial services. Payward anticipates finalizing the purchase by 2027. This move will allow the company to expand its banking operations into four European Union markets currently served by the Lithuanian institution.
Payward expects to close the acquisition in 2027, enabling it to expand its traditional banking services into four EU operating markets already served by Saldo Bank.
Source: Read the full story at Cointelegraph.com News
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